In the passionate realm of technology and entrepreneurship, few people stand out for their remarkable contributions and transformative vision.
One such luminary is Ash Mufareh, a name synonymous with innovation, determination, and leadership in the IT services and consulting sector.
With a journey that began with a passion for technology, Ash Mufareh blamed for evolving into several scams and pyramid schemes. Currently, he and his company OnPassive are facing SEC charges over alleged violations of the Securities and Exchange Act.
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Ash Mufareh Biography
Ash Mufareh is an entrepreneur and the CEO and Founder of GDI Fusion, a global IT Services and IT Consulting firm.
He is also the brainchild behind GoFounders/ONPASSIVE, a platform aimed at providing people with a better life through innovative solutions.
At 38 years old, Ash Mufareh stands 5 feet 9 inches tall and weighs approximately 78 kg. He brings a wealth of experience to his role as CEO of GoFounders and ONPASSIVE.
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Early Life and Education
Born into a loving family, Ash Mufareh developed a passion for IT services and IT consulting from a young age.
Ash excelled academically and pursued a degree in Computer Science from the University of California, Berkeley.
Ash Mufareh has two children and a supportive and beautiful wife who stands beside him every step of the way. They work together, but there is not much information about her.
His wife, Asmahan Mufareh, is the co-founder and co-owner of ONPASSIVE, and she has been an integral part of their shared success.
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After completing his studies, he entered the world of IT Services and IT Consulting, where he became a culprit entrepreneur and the driving force behind several new companies, which mostly have scammy models.
As the CEO of ONPASSIVE, Ash Mufareh has been instrumental in the company’s growth and success.
ONPASSIVE is a global IT Services and IT Consulting firm that claims to revolutionize the industry by leveraging the latest technologies and providing cutting-edge solutions to clients. However, it has been under launch for the last 3 years and
Ash Mufareh has received numerous accolades and recognition for his achievements. However, all these were part of this scam.
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Ash Mufareh Net Worth
According to Forbes and industry experts. Ash Mufareh has achieved a remarkable net worth of approximately $14 million as of 2023 and all this wealth was made from ONPASSIVE, GDI Fusion, and Gofounders.
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Ashraf Mufareh, along with his company Onpassive LLC, is currently facing charges from the U.S. Securities and Exchange Commission (SEC) for allegedly operating a fraudulent pyramid scheme.
The SEC claims that Mufareh misrepresented the development of artificial intelligence computer applications and offered investors the opportunity to purchase positions in a multi-level marketing pyramid structure for $97.
The SEC alleges that Mufareh and Onpassive made false statements regarding the timing of product launches, potential income, and the legality of their operations.
According to the SEC, as of June 2023, Onpassive has not commercially launched any applications or pay commissions, despite promising “passive income payments.”
In response to the allegations, Onpassive and the Mufarehs’ legal representative have stated their denial of the charges and expressed disappointment with the SEC’s complaint.
On August 12th, during a webinar, Mufareh declared, “Only God can stop OnPassive.” This bold statement comes as OnPassive faces a showdown with the SEC over alleged violations of the Securities and Exchange Act.